The Victorian Government's moratorium on the controversial gas extraction process known as fracking has been extended until July 2015.

The extension announcement came on the same day as the Reith Report into the Victorian gas market was released, which called for the ban to be lifted.

The ban was introduced earlier this year in response to protests from regional Victoria about the environmental effects of gas exploration.

Alex Arbuthnot, from the Victorian Farmers Federation, has welcomed the extension, saying farmers and the general community are crying out for more information on the impacts of coal seam gas exploration on natural resources.

"What farmers will welcome, I think, is the opportunity for more consultation and for information on the advantages and disadvantages and answers to all the questions.